CHICAGO—Self-storage buildings have mushroomed across the country since the 1970's. That stupendous growth has many questioning when institutional investors will give the sector the same attention, and money, allocated to burgeoning sectors like student housing or medical office buildings.
“Self-storage has been such a proven commodity year-after-year,” says Marc A. Boorstein, a principal of MJ Partners Real Estate Services. As reported in this week's GlobeSt.com, the Chicago-based firm recently released its “Self Storage Market Overview, First Quarter 2013,” an analysis of self-storage companies' recent earnings results, operations performance and trends within the industry.
“Self-storage is a life need,” Boorstein adds. The endless cycles of divorce, new children, changing employment and other factors impact everyone and change how much space they need. “It's not only recession-proof, it's in better shape than ever.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
